Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1887-10-12
The B. & O. Deal Snap Judgment on
Garrett While Away, But He
Will Get Even With
Jay Gould.
The Sale Denounced in Chicago and
New York as q Dangerous Mo-
n0poly and an In.
sidi0us scheme.
The President Spends the Day Angling
Doubtful Ramon Of . Wool
PO0l-DevOured by
Wolves.

New YORK, October 8.-The statement
made in a morning paper to the effect that
Robert Garrett, referring to the absorption
of the Baltimore and Ohio telegraph lines
to the Western Union, said last night: 1T
is no trade, gentlemen" caused consider
able talk to-day but NO excitement.
Western Union went off a point but that
was not attributed to CARROTS alleged de-
nis.l of the sale. George Gould treated the
story laughingly. He did not believe Gar
rett was correctly quoted. "Although the
collateral has not been turned over the
agreement has been signed and is in our
possession, there is
BALTIMORE AND OHIO NOW,
as their wires are part OF our system"
Gould also denied the statement in the
same article that the B. and o. owed Gar
rett personally between $4,000 and
$4, ,0O0, 900. w. B. Somerville, of the
Western Union, was authorized to say that
DIS
would be no trouble about the sale that he
had decided to issue no statement about
the matter.
ED. STOKES INTERVIEWED.
Garrett to-day refused to see reporters
or say whether the great telegraph deal is
legally completed or not. Edward Stokes
smiled as he sat in his priva te office. When
q report r accosted him with the question:
10 Inst ,Su1k
there would be no deal with the Western
Uuion?'' he said there would be fun some
where. He was very much excited and
abused Jay Gould without stint. "If there
had been a trade, he said, lit would not
hold water"
Ibid be threaten to sue Mr.. Gould?"
.'Yes, he threatened all sorts of things.
He said he had been sold out by his
| friends and that he would get even all
around. never saw him 80 excited. He
declared snap judgment had been taken on
him when he was away, but the conspira-
tors would find that their plans would not
hold"
| DO you have any dealings with Garrett
| in reference to the Baltimore & Ohio tele-
graph lines7"
Eyes, q good many. When Garrett went
to Europe the other gentlemen engaged in
thu deal believed we had effected a consoli-
datinn of Baltimore & Ohio, the Postal
and United Line telegraph companies. II
Garrett had done as ne promised the
Western Union would never pay another
dividend"
What was the promise?'
IAN agreement to consolidation. We
were to capitalize the stock at SIC, ,OOO.-
1000. John w. Mackay was to put in
81 ,OOO, 900, Garrett, 81 ,OOo 600, and the
stock of the company would make up the
SIC, 100000
"Have you any idea Why Mr.. Garrett
failed to keep his word?''
Not the .lightest. He went off to Eu
rope, and that ended the matter" .,
ut is probabe the Western Union will
now sw allow the United Lines and Postal
CoIar anies?"
"No, ought to know something about
that aud will have something to say when
the attempt is made. We are not for sale. y
what is your personal. opinion of the B.
& @. sa;er"
II think Gould has the lines. or if he has
not, he has such a big slice that he will soon
get the rest. He's got the longest pole now
) and guess he will get the persimmons."
.'Do you think Garrett was in earnest
, when he was talking last night ~
} HE was or l was more deceived by q
; mans actions than / was ever before. HI
i looked angry enough to fight, and when hi
said he would make fur fly, he looked ca
pable of it,
. TIE TINES OPINION.
r The following will appear as a leading edi
g torial article in to-morrow's Times: Thi
: morning we intimated that the Wester1
Union did not buy the Baltimore & Obi
telegraph system because Mr.. Garrett vii
t oppose the transfer. Mr.. Garrett is power
to- fhor on1
:. than that Gould has no competitor for tn
l. property, and inasmuch as it's sale is com
e pulsory and he is only purchaser. it must &
d to him. Mr.. Gould, until a few days age
e had competitor for it in the shap
e of western association OF business men
e who were willing to give a higher price tha
d Mr. Gould has paid, but the harp practic
g. by which he has suddenly taken the prov
g. erty out of the market has made it impot
y sible to proceed further in the matter, eve
rs if a legal and practicable opportunity wei
,. still available which is doubtful. Tn
d establishment OF the Western Union is il
le disputabl The monopoly of SO great an
b. vital a public service as the telegraph WI
g. be viewed with neither
u CONTENT NOR RESIGNATION
by the public. The distrust of Gould an
his associates, and the suspicion that a
:, taches to their methods and practices al
too profound aud too we'll rooted in til
10 public mind to admit OF such men beit
m accepted as trustees OF great public ser
I'd ice. We should not be prepared to intru'
he Gould and his colleagues with the admin
e. tration of the postal service OF our cou1
ar try. 1t would imply in public estimation
grave calamity, and yet his administratio
of the telegraph rs likely to /
much more prejudicial to publ
and private interests than his al
SO ministration of the postal syste
IN could possibly be. 1t is q long lane thu
~ has no turning but it may as we'll be u
derstood now as later that the Cover
ne ment of the United states shall not a
ng uuire the telegraphs of the country. an
at that NO imaginings OF Mr.. Gould, L
or possession of individuals, public an
private, will ever blackmail and coerce I'll
people OF this country into conseDting thu
the Western Union shall be unloaded upo
the Government, and there will be otn
}" and independent teiegraphs too.
- BLAST FROM CHICAGO.
70 CHICAGO, October S.-The Journal tn
he evening says elitorially: The apparel
ne fact that the sale OF the Baltimore & Oh
&c. Telegraph to Jay Gould has been consur
to mat is calculated to excite the grave
apprehensions in regard to the mon
power that one man may possess. III
telegraphs of the country convey int
lgence regarding every transaction OF bu
re- ness, every act Of the Government, eve
ar- movement in politics, every important p'
OF sonal and domestic relation. With a te
"a, graphic kew board in Jay Gould's back
~ fee, he will have his finger on every pulls
no ton of trade, of finance OF politics, OF OF
10 10 cial action and of domestic life. He VI
shall own the telegraphs OF the country c.
advance or depress prices by which tho'
ands or millions may be ruined. In
hour he may
ay' CONTROL THE GOVERNMENT ITSELF,
ity ..,.
re. u'' e'a VI "n10". pp 10y
Ter, every no"o o',o'' oo -.